The trend of collecting NFT items has many people wondering why millions of dollars are being spent just to buy a file that can be downloaded for free.
In just a few weeks, the term NFT became the topic of discussion in many technology groups and flooded the Internet. Based on blockchain technology, everything from basketball player cards, game items, paintings, music to tweets can be traded as NFTs on online auction sites.
What is NFT?
NFT stands for Non-Fungible Token. Where "fungible" is often used in economics, it means that the individual units of an asset are interchangeable and essentially indistinguishable from one another. For example, two $5 bills are completely interchangeable with a $10 bill and a $10 bill can be exchanged for any other $10 bill. Similar to when buying Bitcoin, players don't care what coins they get, but only aim for its value. This is a must for an asset that acts as a medium of exchange.
StartFi is the largest NFT exchange trading platform today.
About StartFi
StartFi is a Web3-based multi-channel network for NFT creators looking to transform the scope of minting and buying of NFTs. Their NFT ecosystem brings together content creators and prospective buyers in a unique, mutually beneficial manner.
How does StartFi work?
StartFi users can easily create NFTs for their content like music, art, videos, and more. The StartFi (STFI) token powers the NFT platform, and users can earn rewards from the pool distribution revenue. StartFi's blockchain network agnostic approach supports building NFT communities and ecosystems that accommodate people from a variety of backgrounds and interests due to the platform's ease of use and cost-effective options for the cost it provides.
Funding Digital Content
There are a lot of potential content creators out there who are currently struggling to get funding for their digital content. If they get funding support for their content, they can be even more active to be able to produce better content for their fans. Fortunately, now there is an NFT protocol that makes it easier for content creators to be able to secure their content on the blockchain and sell it easily on a marketplace that supports the NFT protocol. And to make it easier for content creators to get support for their content, StartFi launched a platform that will support content creators to be able to raise funds for their content and connect with their community. But not only that, but StartFi also makes it easy for content creators to be able to manage digital rights, monetization/sales, audience matching, promotion and marketing, and other things directly from one platform.
Here users can become fans and connect with their favorite creators' content and support them by upvoting designs, promoting artists, participating in fans together with others, and doing other creative activities. And in return users will get rewards and exclusive digital assets for their participation.
What makes StartFi unique?
The NFT platform is set to redesign the digital assets monetization space. Here is what makes StartFi truly special:
- The decentralized platform empowers the NFT ecosystem and brings together content creators and fans.
- StartFi will make it easy for creators to sell/auction their content’s copyright, not only for images but also for videos, music albums & books.
- StartFi will offer several advanced options for content creators, including Time Locks, Decentralized Autonomous Organization (DAO), Private Pools, Milestone Unlocks and Cross-Chain Swapping.
- The NFT ecosystem offers an entrancing Metamask Wallet-based Matching Mechanism to gauge user interest and enable creators to identify interested fans.
- The STFI token fuels the ecosystem and serves as a governance token as well.
- As an STFI token holder, you will earn rewards from pool distribution revenue and NFT transaction fees.
StartFi can be seen compared to other NFT platforms. Here StartFi is far superior in both technology and cost. Content creators can safely auction their works without having to depend on third parties.
Tokonomics
- Token Name: STFI token.
- Ticker: $STFI
- Blockchain: ERC
- Token Standard: ERC-20
- Contract: 0xfd9cd8c0d18cd7e06958f3055e0ec3adbdba0b17
- Token Type: Utility
- Total Supply: 100,000,000
Team
Partner
These partners are all large companies that have invested in many potential projects. The project's fundraising round returned the win at $1.4 million. Intentions in the StartFi ecosystem will be very beneficial when early investors
For more information about this project you can visit their website or their social media pages:
Website: https://startfi.io/
Twitter page: https://twitter.com/StartFinance
Telegram group: https://t.me/StartFiChat
Medium: https://startfinance.medium.com/
Pitch deck:https://drive.google.com/file/d/1vrQ8N3UrQgBw8EiulLDXJZeoBWREiMPz/view?usp=sharing
Author:
Forum Username: Recaptcha888
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2826350
Telegram Username: @Activasion
POA: https://bitcointalk.org/index.php?topic=5354889.msg57787309#msg57787309
Smart Chain Wallet (BSC) Address: 0x4734f6DA29057d3528bFc26ab2e75d6417F9836e
Everything is described in more detail, the platform is working properly, thank you for the information.
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Very interesting background, thanks for the thorough and detailed explanation
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An interesting platform to try. Thank you for introducing new products, there is so much information, it's hard for me to keep up.
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I looked at your article with pleasure. New platforms for the NFT market are very attractive. You explain everything clearly and succinctly, thank you.
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